While President Obama has spent $1 billion in borrowed money each hour in his first 50 days as president, and more spending is in the offing, what did America gain?

Well: Obanma may have bought himself a second term and there may be some feel good relief to people and businesses, which is real — but what did America gain?

In the time since Barack Obama took the oath of office, Russia and China have strengthened their common interests, which are rarely shared with American interests, Russia has denied America Manas air bas which is key to the War in Afghanistan, China has bought up oil and other commodities at bargain basement prices, China has sent a strong signal of intolerance toward the U.S. in an at sea incident, and North Korea, with China’s undoubted blessing, has rattled its saber….

China has used this period of economic decline to improve its future. Almost any American will tell you our future is uncertain or certainly worse than before.

Yet the president insists there is a lot of spending yet to be done on education, health care, energy (wind), climate change and other projects. Yet he saw no need to stop congressional pet projects (earmarks) in the omnibus spending bill he signed in solitude yesterday.